{
  "ticker": {
    "uuid": "c2aa5a63-3681-4c45-86fd-13255364a156",
    "symbol": "002395",
    "name": "Wuxi Double Elephant Micro Fibre Material Co.,Ltd",
    "exchange": "SHZ",
    "country": "CN",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "399001.SZ",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -61.889,
    "architecture_energy": 56.282,
    "architecture_maturity": 55.821,
    "architecture_confidence": 96,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 11.04,
        "rotation_up": 25.93,
        "upward_expansion": 10.16,
        "deceleration": 56.98,
        "rotation_down": 51.07,
        "downward_expansion": 81.16
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 12.28,
    "trend_reference": 16.495921,
    "distance_from_trend": -0.255574,
    "trend_direction": "Weakening",
    "fair_value": 15.632528,
    "distance_from_fair_value": -0.214458,
    "fair_value_direction": "Weakening",
    "relative_strength": -30.606821,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.380736,
    "excess_performance": -0.388136,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.255574,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.082003,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.214458,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.50234,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.306068,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.191422,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.380736,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.441462,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 12901127,
      "relative_activity": 0.454874,
      "balance": 0.441462,
      "dry_up": 0.557079,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.136459,
      "annualized_volatility": 0.550878,
      "from_high_reference": -0.411509,
      "from_low_reference": 0.114338
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    "levels": {
      "trend_reference": 16.495921,
      "fair_value_reference": 15.632528,
      "structural_low": 11.02,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 17,
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        "positive_rate": 0.411765,
        "directional_follow_through": 0.588235,
        "median_excess_return": -0.005246,
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        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.13857,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
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      },
      {
        "horizon": "Full cycle",
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      {
        "regime": "deceleration",
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      },
      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "balance",
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      },
      {
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      },
      {
        "regime": "balance",
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        "regime": "downward_expansion",
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      },
      {
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 29675261.1,
        "trend": 16.798587,
        "fair_value": 15.623212,
        "relative_strength": -35.179965,
        "stage": 4,
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        "modifier": "Early contraction",
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        "direction": -73.335295,
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      },
      {
        "date": "2026-07-31",
        "close": 11.91,
        "volume": 13544419,
        "typical_volume": 29230818.75,
        "trend": 16.644254,
        "fair_value": 15.626779,
        "relative_strength": -29.957038,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.22537,
        "energy": 60.308575,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 12.28,
        "volume": 12901127,
        "typical_volume": 28361970.5,
        "trend": 16.495921,
        "fair_value": 15.632528,
        "relative_strength": -30.606821,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.888558,
        "energy": 56.28242,
        "activity_lines": [
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      }
    ],
    "method": {
      "price_basis": "completed market observations",
      "trend": "Trend provides the primary directional reference.",
      "fair_value": "Fair Value provides long-term price context and is not a forecast or target.",
      "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.",
      "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read."
    }
  }
}